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The Cost of "Coupling": The Global Crisis and the Indian Economy

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  • C.P. Chandrasekhar

Abstract

This paper argues that the presumption that the Indian economy was on a robust growth trajectory decoupled in important ways from the international system is questionable. Rather, the recent boom was fundamentally dependent on greater global integration, which also made the growth process more uneven and more vulnerable to internally and externally generated crises.

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  • C.P. Chandrasekhar, 2015. "The Cost of "Coupling": The Global Crisis and the Indian Economy," Working Papers id:7063, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:7063
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Duvvuri Subbarao, 2009. "Impact of the Global Financial Crisis on India Collateral Damage and Response," Working Papers id:1870, eSocialSciences.
    2. Jan Kregel, 2008. "Using Minsky's Cushions of Safety to Analyze the Crisis in the U. S. Subprime Mortgage Market," International Journal of Political Economy, Taylor & Francis Journals, vol. 37(1), pages 3-23.
    3. C.P. Chandrasekhar, 2008. "Global liquidity and financial flows to developing countries: new trends in emerging markets and their implications," G-24 Discussion Papers 52, United Nations Conference on Trade and Development.
    Full references (including those not matched with items on IDEAS)

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